Array Digital Infrastructure, formerly UScellular, declares a $23 special dividend after selling its wireless operations to T-Mobile.
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| Array Digital Infrastructure announces a $23 special dividend, payable August 19, after closing the sale of its wireless business to T-Mobile. Image: CH |
CHICAGO, United States, August 2, 2025:
Array Digital Infrastructure, Inc., formerly known as United States Cellular Corporation, has declared a special cash dividend of $23.00 per share for both its Common and Series A Common shares. The announcement follows the official closure of the company’s wireless operations sale to T-Mobile, which was finalized earlier this week.
The dividend will be paid on August 19, 2025, to shareholders of record as of August 11. Because the payout exceeds 25% of the current stock price, the New York Stock Exchange (NYSE) has determined that Array shares will trade with “due bills” up to and including the payment date. This means shareholders must hold onto their shares through August 19 to receive the dividend. The ex-dividend date will be August 20, 2025.
Due bills are used in situations involving unusually large dividends. In this case, sellers who trade their shares before the payment date will not be entitled to the dividend; instead, the obligation to deliver the dividend will transfer to the buyer. Investors are advised to consult with their brokers to fully understand how NYSE’s due bill process could affect their transactions.
Additionally, Array urged shareholders to consult tax advisors to understand the implications of the special dividend on their individual tax situations.
The announcement coincides with Array’s formal transition from a mobile service provider to a digital infrastructure company focused on shared wireless communications infrastructure. The rebranding comes after the successful divestiture of its wireless business to T-Mobile.
Array now owns and operates more than 4,400 cell towers across the United States, facilitating the deployment of 5G and other wireless technologies. Headquartered in Chicago, the company is approximately 81% owned by Telephone and Data Systems, Inc. (NYSE: TDS), a long-established telecommunications firm founded in 1969.
Array also confirmed that it expects to hold its 2025 annual meeting of shareholders on October 9, 2025.
With this transition, Array positions itself at the heart of the country’s digital infrastructure buildout, aligning with rising demand for high-capacity, low-latency wireless connectivity.